Revenue climbs 11% at Axia, names Canadian president

CALGARY - Next generation networks supplier Axia NetMedia Corporation saw its consolidated revenue for the quarter climb 11%, and consolidated gross profit for the quarter reach $6.4 million, or 36% of revenue. For its third quarter of fiscal 2009, ended March 31, 2009, consolidated revenue was $17.8 million, up from $16.0 million in 2008. Net income for quarter was $0.7 million, and $5.6 million for the nine month period of fiscal 2009, a decrease of $1.8 million from $2.5 million for the previous quarter and a decrease of $1.0 million compared to the same nine month period of fiscal 2008....